JUST IN: Nigeria’s GDP Grows 2.38% In Fourth Quarter Of 2018
Experts will have a tough time explaining this to the average Nigerian who has not noticed much improvement in the economy.
Nigerian authorities say the country’s GDP has grown 2.38 per cent in real terms within the fourth quarter of 2018, showing a 0.27 per cent jump over the fourth quarter of 2017.
The Real GDP growth posted 5.31 per cent on a quarter-on-quarter basis, with an annual growth rate of 1.93 per cent printed for the fiscal year of 2018.
While the aggregate nominal GDP was at NGN 35.230bn, a higher 12.65 per cent from NGN 31.275bn recorded in the fourth quarter of 2017.
Nigeria’s nominal GDP for the fiscal year of 2018 was at NGN127.76bn, posting a nominal growth rate of 12.36 per cent above the fiscal year of 2017 level of NGN 113.71bn.
How this puts food on the common man’s table is what many would be hoping the government can explain and facilitate as the country goes into a historic national election.
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